17 Mutual Funds NFOs Open for Subscription Now; Know Dates
Currently, there are 17 mutual fund NFOs available for subscription. Mutual fund houses come out with new funds to complete their bouquet of offerings. Here’s a breakdown of NFOs currently open for subscription.
There are seven index funds available for subscription, of which five are thematic funds, two long-duration funds, one multi-asset allocation, one multi-cap, and one sectoral fund are currently open for subscription.
Seven Index Funds
Seven index fund NFOs are currently open for subscription, and the closing date is between November 28 and December 10. Nippon India Mutual Fund has launched its two NFOs.
Five Thematic Funds
ICICI Prudential Equity Minimum Variance Fund, Shriram Multi-Sector Rotation Fund, Axis Momentum Fund, Kotak Transportation and Logistics Fund, and DSP Business Cycle Fund’s closing date of subscription is between December 2 and December 11.
Two Long-Duration Funds
There are two long-duration funds: Mirae Asset Long Duration Fund and Franklin India Long Duration Fund. The closing date of subscription for these two funds is between December 2 and December 4, respectively.
Invesco India Multi Asset Allocation Fund
This fund mainly invests in debt, equity, gold, and silver with a focus on navigating different market conditions with an expectation of shifting between asset classes to optimize returns.
Invesco India Multi Asset Allocation Fund is currently open for subscription and will be closed on December 11.
Groww Multi-cap Fund
It is an open-ended equity scheme that seeks to capture growth across large-cap, mid-cap, and small-cap stocks. Groww Multi-cap Fund is open for subscription and will be closed on December 10.
PGIM India Healthcare Fund
PGIM India Healthcare Fund, which is a healthcare sector-based fund, is open for subscription and closes on December 3.
